The global furniture market is projected to grow at a CAGR of 4.9% to USD 680.43 billion by 2030, driven by trends like sustainability, nature-inspired spaces, and advanced technologies. Wood furniture holds a significant market share, while the Asia Pacific region is expected to experience robust growth. The COVID-19 pandemic has impacted the market, leading to a shift towards online shopping and varying customs and import duties on furniture products. Luxury home design trends for 2023 include nature-inspired furniture, warm statement lighting, and custom activity rooms.

Furniture Market Growth and Trends